All Cryptocurrencies are getting crushed with $100 billion loss

Cryptocurrencies are getting crushed, with $100 billion wiped out in 24 hours

199

The cryptocurrency market’s terrible start to the year is deepening, with all major digital assets suffering big falls on Friday morning.

Bitcoin dropped below $9,000 on Thursday and the rupturing of this level seems to have spooked the market. Here’s how major cryptocurrencies are looking at 9.00 a.m. GMT (4.00 a.m. ET) on Friday:

Bitcoin: Down 9% against the dollar to $8,239.64
Ethereum: Down 16% to $854.01
Litecoin: Down 17% to $116.26
Bitcoin Cash: Down 12% to $1,111.52
Ripple: Down 21% to $0.74
Other cryptocurrencies are registering similarly steep declines. In fact, the market value of all main cryptocurrencies in circulation has dropped from just over $500 billion to around $400 billion in the last 24 hours, as this chart from CoinMarketCap.com shows:

Market Cap

You might also like